Mexico GDP Annual Growth Rate

The gross domestic product in Mexico advanced 1.7 percent year-on-year in the fourth quarter of 2018, below an earlier estimate of 1.8 percent and compared to a 2.5 percent growth in the previous period. Figures also came worse than market expectations of a 1.8 percent rise. It is the weakest growth in three quarters, as services slowed and the industrial sector contracted. GDP Annual Growth Rate in Mexico averaged 2.48 percent from 1994 until 2018, reaching an all time high of 9 percent in the fourth quarter of 1996 and a record low of -9.10 percent in the second quarter of 1995.

GDP Annual Growth Rate in Mexico is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Mexico to stand at 1.50 in 12 months time. In the long-term, the Mexico GDP Annual Growth Rate is projected to trend around 1.10 percent in 2020, according to our econometric models.

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Mexico GDP Annual Growth Revised Down to 1.7% in Q4

The gross domestic product in Mexico advanced 1.7 percent year-on-year in the fourth quarter of 2018, below an earlier estimate of 1.8 percent and compared to a 2.5 percent growth in the previous period. Figures also came worse than market expectations of a 1.8 percent rise. It is the weakest growth in three quarters, as services slowed and the industrial sector contracted.

The industrial sector shrank 0.9 percent, more than an initial estimate of a 0.7 percent contraction and against a 1.1 percent expansion in the previous period. Manufacturing activity rose 1.5 percent, slowing from a 2.3 percent increase in Q3 and the utilities sector expanded at a softer 1.4 percent compared to a 4.2 percent surge in the prior quarter. Concomitantly, declines were seen in mining (-7.3 percent vs -3.1 percent) mainly due to oil (-8.2 percent vs -3.3 percent); and construction (-2.2 percent vs 0.8 percent).

In contrast, the agricultural sector grew 3 percent, above a preliminary figure of 2.8 percent and a downwardly revised 2.0 percent rise in the third quarter.

On a quarterly basis, the economy advanced 0.2 percent, as expected, compared to a preliminary figure of 0.3 percent and easing from a downwardly revised 0.6 percent expansion in Q3.

Considering the full year of 2018, the Mexican GDP grew 2.0 percent, unchanged from the initial estimate, but below 2.1 percent in 2017.

Mexico GDP Annual Growth Slows to 1.8% in Q4
The gross domestic product in Mexico advanced 1.8 percent year-on-year in the fourth quarter of 2018, following a 2.5 percent rise in the previous period, a preliminary estimate showed. It is the slowest growth in three quarters, as services rose less and industrial activity contracted. Meanwhile, primary activities expanded faster.Published on 2019-01-30

Mexico Annual GDP Growth Revised Down to 2.5% in Q3
The Mexican economy expanded 2.5 percent year-on-year in the third quarter of 2018, below a preliminary figure of 2.6 percent and a 2.6 percent rise in the previous quarter, mainly as services grew less than initially estimated. Published on 2018-11-23

Mexico GDP Annual Growth Rate at 2.6% in Q3
The Mexican economy expanded 2.6 percent year-on-year in the third quarter of 2018, the same as in the previous period, a preliminary estimate showed. It remained the strongest growth rate since the first quarter of 2017, mainly due to services and primary activities. Meantime, the industrial sector grew at a slower pace.Published on 2018-10-30

Mexico Annual GDP Growth Revised Down to 2.6% in Q2
The Mexican economy expanded 2.6 percent year-on-year in the second quarter of 2018, below a preliminary figure of 2.7 percent and following an upwardly revised 1.4 percent growth in the previous quarter. It was the strongest growth rate since the first quarter of 2017, driven by services and industrial sector. Published on 2018-08-24